iShares Bitcoin Trust ETF $IBIT Shares Sold by Franchise GP Ltd

Franchise GP Ltd reduced its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 7.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 231,433 shares of the company’s stock after selling 18,563 shares during the quarter. iShares Bitcoin Trust ETF comprises 4.7% of Franchise GP Ltd’s investment portfolio, making the stock its 11th biggest position. Franchise GP Ltd’s holdings in iShares Bitcoin Trust ETF were worth $10,956,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. 59 North Capital Management LP boosted its stake in iShares Bitcoin Trust ETF by 50.7% in the 4th quarter. 59 North Capital Management LP now owns 3,921,034 shares of the company’s stock worth $194,679,000 after purchasing an additional 1,319,501 shares during the period. NEOS Investment Management LLC increased its stake in iShares Bitcoin Trust ETF by 55.4% in the 2nd quarter. NEOS Investment Management LLC now owns 5,424,563 shares of the company’s stock worth $180,584,000 after acquiring an additional 1,933,888 shares during the last quarter. Walleye Capital LLC raised its holdings in shares of iShares Bitcoin Trust ETF by 332.4% in the 1st quarter. Walleye Capital LLC now owns 4,317,555 shares of the company’s stock valued at $165,880,000 after acquiring an additional 3,319,115 shares in the last quarter. Mariner Investment Group LLC boosted its position in shares of iShares Bitcoin Trust ETF by 6.5% during the 4th quarter. Mariner Investment Group LLC now owns 2,146,536 shares of the company’s stock valued at $106,576,000 after acquiring an additional 131,442 shares during the last quarter. Finally, Pine Ridge Advisers LLC increased its position in shares of iShares Bitcoin Trust ETF by 0.7% in the first quarter. Pine Ridge Advisers LLC now owns 2,243,827 shares of the company’s stock worth $86,208,000 after purchasing an additional 16,447 shares during the last quarter.

iShares Bitcoin Trust ETF Trading Up 0.8%

Shares of iShares Bitcoin Trust ETF stock opened at $46.59 on Friday. iShares Bitcoin Trust ETF has a 1 year low of $32.84 and a 1 year high of $65.97. The company has a 50 day simple moving average of $44.08 and a two-hundred day simple moving average of $40.90.

About iShares Bitcoin Trust ETF

The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.